Pakistan has entered a deal for a fresh $7-billion loan with the International Monetary Fund (IMF), the global lender announced on Saturday (July 13). In exchange for the 37-month loan, the Pakistani government under Prime Minister Shehbaz Sharif pledged to implement more economic reforms that are expected to be unpopular among the Pakistani people.

Pakistan gets 24th IMF loan since 1947; this time it’s $7 billion

In an effort to revive the country's faltering economy, Pakistan's Prime Minister Shehbaz Sharif announced plans on Tuesday (May 14) to privatise all state-owned enterprises (SOEs), with the exception of strategic ones.

Pakistan announces sweeping privatisation plan amid IMF loan negotiations

Former Pakistan prime minister and Pakistan Tehreek-e-Insaf (PTI) Imran Khan sought a guarantee from the International Monetary Fund (IMF) that the general elections in the country would be held on its scheduled time, according to a report by Geo News last Saturday (July 8).

Pakistan: Imran Khan seeks guarantee from IMF over timely elections

Pakistan’s political climate has been volatile for a while now. A special bench of the Islamabad High Court (IHC) on Friday (May 12) granted bail to former Pakistani prime minister Imran Khan for two weeks in all ongoing cases.

It’s the economy, stupid: The Imran Khan drama, other political rows are holding Pak’s dire finances hostage

A long overdue loan agreement between the IMF and Pakistan is due to be signed soon but both parties have to work out the remaining pointers including a proposed fuel pricing scheme. Watch the video to know more about the subsidy scheme.

Pakistan's new fuel subsidy program; IMF says scheme essential for Pak-IMF deal | World News | WION